Daily GK Update: 26th July 2022

By Neha Bisarya|Updated : July 26th, 2022

 National & International Appointments

1. World Bank appoints Indian national Indermit Gill as chief economist

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  • Indian national, Indermit Gill has been appointed as a new Chief Economist and Senior Vice President for Development Economics of World Bank, will be effective September 1, 2022.
  • He will succeed American economist, Carmen Reinhart.
  • He is currently serving as the Vice President for Equitable Growth, Finance, and Institutions.
  • He will be the second Indian to serve as chief economist after Kaushik Basu who was Chief Economist of the World Bank from 2012 to 2016.
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 National & International Appointments

2. Sheikh Ahmad Nawaf Al Ahmed Al-Sabah named as Prime Minister of Kuwait

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  • The head of the Kuwait, Sheikh Nawaf Al Ahmad Al Jaber Al Sabah has issued a decree to appoint Ahmad Nawaf Al Ahmad Al Sabah as the Prime Minister the new government.
  • He succeeded Sheikh Sabah Al Khaled, who resigned in April 2022.
  • He is a retired Kuwaiti military with the rank of Lieutenant-General at the Ministry of Interior and the First Deputy Prime Minister and Minister of Interior since March 9, 2022.
  • Kuwait Currency: Kuwaiti dinar
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 National Affairs

3. Parshottam Rupala launches subsidiary of NDDB for manure management

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  • Parshottam Rupala (Union Minister of Fisheries, Animal Husbandry and Dairying) has launched NDDB MRIDA Limited, a wholly-owned subsidiary company of National Dairy Development Boar (NDDB).
  • Aim: To provide structured impetus to manure management efforts.
  • NDDB has established NDDB MRIDA Limited (Unlisted Public Limited Company) under the Companies Act, 2013 on July 1, 2022.
  • This will help in savings to the farmers by virtue of the replacement of cooking fuel with biogas. 
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 International Affairs

4. Monkeypox vaccine IMVANEX approved in Europe

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  • Danish biotechnology company, Bavarian Nordic (BAVA.CO) has been received the European Commission's approval for its Imvanex vaccine (As protection against monkeypox).
  • Imvanex has been approved in the EU since 2013 for the prevention of smallpox.
  • This is considered a potential vaccine for monkeypox because of the similarity between monkeypox and smallpox.
  • Recently, the WHO has declared monkeypox a public health emergency of international concern.
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 Books & Authors

5. Union Minister Anurag Thakur releases three books by DPD

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  • Union Minister of Information and Broadcasting, Anurag Thakur has released three books published by Directorate of Publications Division.
  • The three books are:
    1. Moods, Moments and Memories - Former Presidents of India (1950-2017) A Visual History
    2. First Citizen - Pictorial Record of President Ram Nath Kovind's Term
    3. Interpreting Geometries - Flooring of Rashtrapati Bhavan
  • Kovind was sworn in as the 14th President of India on July 25, 2017, for a five-year term.
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 State Affairs

6. ADB approves $96 mn loan to HP for safe drinking water project

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  • The Asian Development Bank has approved $96.3 million loan for safe drinking water and sanitation project in Himachal Pradesh.
  • The loan has been provided under the Himachal Pradesh Rural Drinking Water Improvement and Livelihood Project.
  • Aim: To provide piped water to all rural households by 2024.
  • This also upgrade water supply infrastructure and strengthen institutional capacity to ensure safe, sustainable, and inclusive rural water supply and sanitation services.
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 National & International Organizations

7. India grants USD 2.5 million to UNRWA for Palestine refugees

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  • India has contributed USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
  • India is a dedicated donor to UNRWA and donated USD 20 million in support of core UNRWA services to Palestine refugees across the Middle East since 2018.
  • The UNRWA was established as a humanitarian agency in 1949.
  • This agency is fully funded through voluntary contributions and grants from donor countries.
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 Obituaries

8. Renowned Marathi writer Anant Yashwant Khare passes away

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  • Renowned Marathi writer Anant Yashwant Khare has passed away in Pune at 76.
  • Noted work:  ‘Antajichi Bakhar’,  ‘Bakhar Antakalachi’ and ‘Udya’
  • He received the Bhai Madhavrao Bagal Award for his book ‘Kahani Manav Pranyachi’ in 2010.
  • He was awarded with Granthali, Vidarbha Sahitya Sangh, and Lokmangal.
  • He was offered the Sahitya Akademi award for his novel 'Udya' in 2020  but he politely refused as by then he had decided not to accept any awards.
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 National & International Appointments

9. LIC HFL Board appoints Ravi Kishan Takkar appointed as Additional Director

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  • The Board of Directors of LIC Housing Finance Ltd (LIC HFL) has approved the appointment of Ravi Kishan Takkar as an Additional Director (Independent) for a period of five years, effective from July 25, 2022.
  • He served as an MD & CEO of UCO Bank for three years till November 01, 2018.
  • LIC Housing Finance Ltd:
    • Founded: 19 June 1989
    • Headquarters: Mumbai, India
    • MD & CEO: Viswanatha Gowd
    • LIC HFL is a subsidiary company of LIC.
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 Banking & Finance

10. City Union Bank, Aditya Birla Health signs bancassurance pact

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  • City Union Bank and Aditya Birla Health Insurance Co Ltd (ABHICL), have signed bancassurance partnership for the distribution of health insurance products through the former’s network of branches across the country.
  • CUB has already signed bancassurance pacts with Star Health and Alliance Insurance, and Care Health (formerly known as Religare Health Insurance Co).
  • The CUB has also signed bancassurance pact with Royal Sundaram General Insurance
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 International Affairs

11. Wasfia becomes first Bangladeshi to scale K2

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  • Mountaineer Wasifa Nazreen (39) has become the first Bangladeshi to scale the second highest mountain peak K2 (administered by Pakistan).
  • She has climbed the 8611 metres high K2 mountain peak.
  • Wasifa Nazreen has also climbed Mount Everest in 2012 and became the second woman from Bangladesh to do so.
  • The team consisted of 21 mountaineers, including some of the most renowned climbers in the world like Mingma Tenzi Sherpa, Mingma David Sherpa, and Nirmal Purja.
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 National & International Appointments

12. Nakul Jain appointed as CEO of Paytm Payment Service

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  • Parent company of Paytm, One97 Communications has appointed Nakul Jain as the CEO of Paytm Payments Services Ltd (PPSL).
  • He replaced Praveen Sharma, who is now serving as the acting CEO of PPSL.
  • Praveen Sharma has been promoted to oversee the organisation’s commerce vertical in addition to his other duties.
  • Nakul Jain has served as managing director of private banking, priority banking, deposits and branch banking at Standard Chartered Bank. 
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 Sports

13. Cricketer Karuna Jain announces retirement from all forms of cricket

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  • The cricketer Karuna has announced her retirement from all forms of Cricket.
  • She has played five Test matches out of which she made 195 runs with 40 as her highest score since making her debut against England at Delhi in November 2005.
  • In August 2014. she has played her last Test for India against England at Wormsley.
  • She has also played 44 ODIs and scored 987 runs with a solitary hundred and nine fifties and 103 as her highest score.
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Daily GK Update: 26th July 2022

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